Core Viewpoint - Fute Technology plans to issue A-shares to specific investors, aiming to raise up to 528.22 million RMB for various projects related to the electric vehicle industry and to supplement working capital [1][2]. Group 1: Stock Issuance Details - The stock issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The issuance price will not be lower than 80% of the average trading price over the 20 trading days prior to the pricing date [1]. - The total number of shares to be issued will not exceed 30% of the company's total share capital before the issuance, which is calculated to be a maximum of 46,626,119 shares based on the current total of 155,420,399 shares [2][4]. Group 2: Fund Allocation - The total amount to be raised is capped at 528.22 million RMB, which will be allocated to the following projects: - Intelligent manufacturing of core components for electric vehicles: 234.25 million RMB - Second base for electric vehicle onboard power supply production: 155.96 million RMB - R&D for next-generation onboard power supply products: 36.42 million RMB - Supplementing working capital: 102.55 million RMB [2][3]. Group 3: Company Control and Financial Performance - After the issuance, the total share capital will increase to 202,046,518 shares, with the actual controller, Li Ningchuan, maintaining a 19.60% stake, ensuring no change in control [4]. - For the first quarter of 2025, the company reported a revenue of 506.15 million RMB, a year-on-year increase of 94.79%, while net profit attributable to shareholders decreased by 1.56% to 19.67 million RMB [6][7].

东盟经济共同体部数字经济司哈兹雷米 哈米德介绍，东盟拥有 6.5亿人口的庞大市场，在电子制造、农 产品加工等领域具备竞争力，当前正重点推进数字基础设施建设和绿色能源转型，与中国在多领域形成 精准对接。他期待双方通过技术共享、项目共建等方式，打造区域数字经济新高地。 在企业交流环节中，中国进出口银行、中国华电、通用技术集团、中国商飞等企业代表分享了合作成果 与未来规划。央企展现了在能源、金融、医药等领域的全球布局，北京企业凸显新能源汽车、电子产业 技术优势，民营企业彰显数字经济领域创新活力，东盟企业则展示了贸易、制造等领域特色。各方发言 凸显了企业间广阔的合作空间。 司马红在致辞中表示，北京在科技创新、高端制造、数字经济等领域优势显著，愿以此次会议为契机， 扩大双向贸易与投资规模，鼓励两地企业在数字经济、绿色发展、智慧城市、现代农业等领域深化合 作。北京市将与东盟携手优化营商环境，为企业合作提供更便利条件和优质服务，共育合作新生态。 高金洪在讲话中指出，东盟与中国的经济关系展现出强劲活力与韧性。为进一步深化合作，双方需构建 稳定可靠的经济框架，确保中国－东盟自贸区3.0版和RCEP有效实施。并积极拓展传统领域之 ...

新能源观点：反内卷炒作延续，锂价涨势引领新能源⾦属 交易逻辑：中央财经会议重提有序淘汰落后产能，投资者对硅供应端 收缩预期增强，国内锂供应也出现扰动，并且投资者对锂矿进一步收 缩预期较强，锂价走势较强，引领新能源金属价格走势；价格短时间 内过快上涨并不利于供应端收缩，反倒是可能增加供给端收缩政策推 进的难度，密切留意产业链动向。中短期来看，供应端收缩预期和成 本抬升预期强化，新能源金属价格一度加速上涨，锂价当前开始处于 领涨状态，考虑到锂矿供应有阶段性收缩预期，供需可能短期收紧， 可继续通过期权押注锂潜在上涨机会；而硅价快速上涨后，现实供需 端面临产能产量高位，但需求偏弱，在经历7月23日巨震情绪冲击 后，硅价进一步涨势可能放缓。 投资咨询业务资格：证监许可【2012】669号 中信期货研究（新能源⾦属每⽇报告） 2025-07-25 反内卷炒作延续，锂价涨势引领新能源金属 ⼯业硅观点：市场情绪反复，硅价⽀撑仍存。 多晶硅观点：市场情绪反复，多晶硅价格延续⾼波动。 碳酸锂观点：供应扰动继续炒作，碳酸锂增⻓⼤涨。 ⻛险提⽰：供应扰动；国内政策刺激超预期；美联储鸽派不及预期； 国内需求复苏不及预期；经济衰退。 有 ...

"产品碳足迹管理体系将由'两大基石''三项制度'组成。"该负责人介绍，"两大基石"是指产品碳足迹核 算标准、碳足迹因子数据库，分别解决产品碳足迹"怎么算"和"算得出"的问题。"三项制度"是指产品碳 标识认证、产品碳足迹分级管理、产品碳足迹信息披露，分别实现碳足迹"算得准"、产品碳足迹"往下 减"、碳足迹信息"受监督"的目标。 与此同时，《方案》明确碳足迹管理体系建设的目标和重点任务。到2027年，碳足迹管理体系初步建 立；到2030年，碳足迹管理体系更加完善，应用场景更加丰富。从健全核算规则标准、推动基础设施建 设、推进产品核算认证、拓展典型应用场景强化数据监督管理、开展专业能力建设等8个方面提出重点 任务，明确健全工作机制等。 多个石化产品被纳入范围 日前，四川省生态环境厅等14部门联合印发《四川省碳足迹管理体系建设实施方案》（下称《方 案》），首次明确全省产品碳足迹管理体系建设时间表和路线图，促进绿色低碳供应链建设，助力实现 碳达峰碳中和目标。四川省生态环境厅气候与合作处相关负责人就如何构建产品碳足迹管理体系进行了 解读。 聚焦解决5个问题 产品碳足迹一头连着生产企业、一头连着消费者，是贯通供给侧和需求侧 ...

截至2025年7月24日 15:00，中证新能源汽车产业指数(930997)强势上涨2.74%，成分股盛新锂能(002240) 上涨10.03%，西藏矿业(000762)上涨10.02%，天齐锂业(002466)上涨9.99%，华友钴业(603799)，中矿资 源(002738)等个股跟涨。新能车ETF(515700)上涨2.74%，最新价报1.8元。拉长时间看，截至2025年7月 24日，新能车ETF近1周累计上涨5.76%。 新能车ETF紧密跟踪中证新能源汽车产业指数，中证新能源汽车产业指数选取50只业务涉及新能源整 车、电机电控、锂电设备、电芯电池、电池材料等新能源汽车产业的上市公司证券作为指数样本，反映 新能源汽车产业龙头上市公司证券的整体表现。 乘联分会：7月狭义乘用车零售预计185.0万辆，新能源预计101万辆。7月24日，据中国汽车流通协会乘 用车市场信息联席分会最新厂商调研数据显示，零售量占总市场八成左右的头部厂商本月零售目标同比 去年7月增长6%，环比上月下降约10%。综合估算，本月狭义乘用车零售总市场预计为185万辆左右， 同比增长7.6%，环比下降11.2%，其中新能源零售可达101万左 ...

Core Viewpoint - The launch of the 2026 Geely Galaxy E5 highlights Geely's commitment to addressing consumer demands for electric vehicles, focusing on enhanced range, safety, and smart features, thereby solidifying its position in the A-class electric SUV market [1][22]. Summary by Categories Range Upgrade - The 2026 Galaxy E5 achieves a significant range improvement, with the maximum range increasing from 530 km to 610 km, and the entry-level version's range rising from 440 km to 530 km, all without a price increase [5]. - The new 610 km variant features an 8 kWh battery capacity and supports a 6.5 kWh external discharge function, allowing for various camping and emergency power needs, thus expanding the application boundaries of electric vehicles [5]. Intelligent Evolution - The vehicle is equipped with the upgraded Galaxy Flyme Auto intelligent cockpit system, which includes new features such as "Green Wave Travel" on Gaode Maps and enhanced HUD display [11]. - Additional functionalities include a one-button car wash mode, improved sound systems, and optimized voice control commands, enhancing user experience and convenience [11]. Safety Standards - The 2026 Galaxy E5 meets rigorous safety standards, passing extreme tests such as the "8-pin puncture" test and a 36-ton tank crush test, establishing a new safety benchmark in the 150,000 RMB market segment [12][18]. - The vehicle has received dual five-star ratings from Euro NCAP and ANCAP, making it the only Chinese brand model in its class to achieve this recognition [18]. Market Performance - Since its launch, the Galaxy E5 has sold over 150,000 units and has been exported to 35 countries, becoming a leader in the A-class electric SUV export market [19]. - The model's upgrades are aligned with Geely's "technology for all" philosophy, enhancing its appeal to consumers seeking high-quality electric SUVs while maintaining competitive pricing [19][22].

Core Viewpoint - The Chinese automotive market is undergoing a significant transformation aimed at combating "involution" in the industry, with government-led initiatives to regulate competition and promote high-quality development in the electric vehicle sector [1][6]. Group 1: Government Actions - A series of high-level meetings were held over three consecutive days, involving key government bodies such as the State Council and the Ministry of Industry and Information Technology, to address the issue of irrational competition in the electric vehicle industry [2][4]. - The meetings emphasized the need to establish a long-term governance mechanism, including cost investigations, price monitoring, and ensuring that major automakers adhere to a payment term of no more than 60 days to combat loss-leading sales strategies [2][4][6]. Group 2: Industry Response - Major automotive companies, including BYD and BAIC, participated in discussions to address non-rational competition, indicating a collective industry effort to align with government directives [4][11]. - Despite the initiatives, skepticism remains regarding the actual implementation of commitments, such as the 60-day payment term, with concerns that companies may not genuinely adhere to these promises [8][12]. Group 3: Market Dynamics - The root cause of "involution" is identified as the fierce competition for limited consumer resources, exacerbated by the transition from growth to a more competitive market environment as subsidies decline and new entrants increase [14][16]. - The government's intervention is seen as necessary to correct market failures and create a fair competitive landscape, allowing companies to focus on long-term growth rather than short-term gains through aggressive pricing [9][16]. Group 4: Future Outlook - The series of meetings marks a critical phase in the government's efforts to reshape the industry, with a focus on sustainable development and the need for industry leaders to set a positive example [11][16]. - The path to overcoming "involution" is acknowledged as challenging, but the direction and determination to achieve a healthier market environment are clear [16].

Group 1 - The event "Tide Surging in the Yangtze River" showcased the introduction of 22 functional items for new urban areas in Shanghai, focusing on large enterprises and strategic projects, as well as public welfare initiatives in culture, tourism, education, and healthcare [1] - Specific new city developments include the introduction of the East China headquarters of Ozada Group and the Shanghai R&D center of Qingtai Technology in Jiading New Town, and the establishment of a low-altitude logistics route application by Zhongtong in Qingpu New Town [1][2] - The new city development plan emphasizes the need for more focused and effective infrastructure and project introductions, aligning with the specialized industrial tracks outlined in the 2025 Shanghai New City Development Action Plan [2] Group 2 - Ten key cooperative projects were announced to accelerate new city development, including partnerships between Jing'an District and Jiading District to assist local enterprises in international expansion, and collaboration between Changning District and Qingpu District on a dual-driven industrial innovation project [3] - The Huangpu Science and Technology Investment Alliance will work with the G60 Science and Technology Corridor ESG Development Alliance in Songjiang District to provide financial services for key industrial park enterprises [3] - The Lingang New Area and Pudong New District will collaborate on the large aircraft industry, aiming to cultivate a globally competitive aviation technology innovation hub [3]

以本次发布的重大科技创新成果为例，新能源发电功率预测系统是深圳能源联合华为云重磅发布全球首 个基于气象大模型的新能源功率预测平台，经实际生产运营测试显示，该系统气象预测准确率提升 15%，风电发电功率预测准确率提高10%。目前该系统已在泗洪、高邮、酒泉、新苏莫4个新能源场站 试点应用。 深能会展中心"光储充放检"一体化示范项目是深圳建设全球数字能源先锋城市的重点示范工程，项目计 划部署充电装置约1200套，将成为全球充电桩数量最多的场站之一，采用600千瓦全液冷超充设备，融 合应用虚拟电厂、V2G、无线充电、储能等创新技术与先进设施，将能源互联网作为链接未来的端口， 以新质生产力助推深圳建设世界一流"超充之城"。 7月24日，深圳能源（000027）（000027.SZ）召开2025年度科技创新大会，集团党委书记、董事长李英 峰，总裁欧阳绘宇等领导班子成员及获奖代表参会。深圳清华大学研究院院长嵇世山、深圳市新型储能 产业创新链党委第一书记余璟等有关领导受邀参会。 大会成立了科技创新咨询委员会，并以视频形式发布了新能源发电功率预测系统、光储充放检城市景观 一体化示范、全球首台1100吨焚烧炉装备、全球首台500 ...

扎鲁特旗的牧铺多是夏季放牧的临时居所，牧民们逐水草而居，传统电网难以覆盖。为了让这 "民生 电" 真正扎根草原，通辽市能源局按照市党委、政府的工作部署，组织扎鲁特旗发改委、蒙能集团为 1271户牧民安装户用的风电、光伏系统，费用由自治区承担 70%、盟市承担 15%、个人只需承担 15%，大大缓解了牧民和旗县的资金压力 。 技术人员骑着摩托车跑遍每个牧铺，手把手教牧民操作设备;苏木达(镇长)每次走访牧民都要问问好用不 用，有没有问题，成了兼职售后员。这小小的新能源设备，承载着各级党委对牧民朋友们的承诺 —— 民生要暖，发展要快，传统要守，现代要融。 马鞍旁的光伏板还在收集阳光，风机的叶片伴着马蹄声轻轻在转，游牧的脚步踏过千年草场，身后是传 统的根，眼前是现代的光。在各级党委、政府的引领下，绿色能源已经来到了草原深处最需要的地方， 送到了牧民淳朴的笑脸上。 牧民巴特尔清楚记得，"往年夏天牧铺没有电，晚上也没有灯，做饭就得捡柴火烧，要不就带个煤气 罐，饭菜也没法保存，人喝水都只能从苏木上带过来，牛羊自己找水喝，手机信号也不好，可麻烦 了。"今年有了电，巴特尔打了口井，打开潜水泵，他和牛羊就都有水喝了。做饭用上电磁 ...